Martingale Asset Management L P Has $7.46 Million Stake in Honeywell International Inc. (NASDAQ:HON)

Martingale Asset Management L P decreased its position in Honeywell International Inc. (NASDAQ:HON) by 9.2% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 33,002 shares of the conglomerate’s stock after selling 3,334 shares during the period. Martingale Asset Management L P’s holdings in Honeywell International were worth $7,455,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the stock. Vanguard Group Inc. lifted its stake in shares of Honeywell International by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 61,761,711 shares of the conglomerate’s stock valued at $13,951,353,000 after purchasing an additional 380,299 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Honeywell International by 4.4% during the 4th quarter. Geode Capital Management LLC now owns 14,988,152 shares of the conglomerate’s stock worth $3,379,568,000 after purchasing an additional 627,422 shares during the period. Bank of New York Mellon Corp increased its holdings in shares of Honeywell International by 10.3% during the 4th quarter. Bank of New York Mellon Corp now owns 6,763,764 shares of the conglomerate’s stock worth $1,527,867,000 after purchasing an additional 631,761 shares during the period. Invesco Ltd. increased its holdings in shares of Honeywell International by 5.2% during the 4th quarter. Invesco Ltd. now owns 5,285,417 shares of the conglomerate’s stock worth $1,193,923,000 after purchasing an additional 263,188 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its stake in Honeywell International by 3.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,901,124 shares of the conglomerate’s stock valued at $881,225,000 after acquiring an additional 116,925 shares during the period. Institutional investors and hedge funds own 75.91% of the company’s stock.

Honeywell International Stock Performance

Shares of HON stock opened at $199.10 on Thursday. The company has a fifty day moving average price of $208.35 and a two-hundred day moving average price of $216.56. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.31 and a quick ratio of 1.01. The stock has a market cap of $129.40 billion, a P/E ratio of 22.86, a P/E/G ratio of 2.51 and a beta of 1.01. Honeywell International Inc. has a one year low of $179.36 and a one year high of $242.77.

Honeywell International (NASDAQ:HON) last posted its earnings results on Thursday, February 6th. The conglomerate reported $2.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.37 by $0.10. Honeywell International had a net margin of 14.82% and a return on equity of 35.78%. As a group, equities analysts predict that Honeywell International Inc. will post 10.34 EPS for the current year.

Honeywell International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were given a dividend of $1.13 per share. This represents a $4.52 dividend on an annualized basis and a yield of 2.27%. The ex-dividend date was Friday, February 28th. Honeywell International’s dividend payout ratio is 51.89%.

Insider Buying and Selling at Honeywell International

In other news, VP Anne T. Madden sold 28,885 shares of the firm’s stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $207.89, for a total value of $6,004,902.65. Following the sale, the vice president now directly owns 41,580 shares in the company, valued at approximately $8,644,066.20. This trade represents a 40.99 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.41% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. StockNews.com cut shares of Honeywell International from a “buy” rating to a “hold” rating in a research note on Monday, December 23rd. The Goldman Sachs Group upped their target price on shares of Honeywell International from $227.00 to $256.00 and gave the stock a “buy” rating in a research report on Thursday, December 12th. Deutsche Bank Aktiengesellschaft raised shares of Honeywell International from a “hold” rating to a “buy” rating and boosted their price target for the stock from $236.00 to $260.00 in a research note on Friday, February 7th. Barclays lowered their target price on shares of Honeywell International from $251.00 to $247.00 and set an “overweight” rating for the company in a research note on Wednesday, March 26th. Finally, Royal Bank of Canada lowered their target price on shares of Honeywell International from $253.00 to $236.00 and set a “sector perform” rating for the company in a research note on Friday, February 7th. Ten equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $245.00.

Honeywell International Profile

Honeywell International Inc engages in the aerospace technologies, building automation, energy and sustainable solutions, and industrial automation businesses in the United States, Europe, and internationally. The company’s Aerospace segment offers auxiliary power units, propulsion engines, integrated avionics, environmental control and electric power systems, engine controls, flight safety, communications, navigation hardware, data and software applications, radar and surveillance systems, aircraft lighting, advanced systems and instruments, satellite and space components, and aircraft wheels and brakes; spare parts; repair, overhaul, and maintenance services; and thermal systems, as well as wireless connectivity services.